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Portal do Bitcoin

Portal do Bitcoin

Stories by Portal do Bitcoin

  • Brazil has its eyes on crypto. Image: Shutterstock

    Central Bank of Brazil Reveals Name of Its Controversial CBDC

    DREX will be the official name of Brazil's new central bank digital currency (CBDC), also known as the digital real, according to a Monday announcement from the Central Bank of Brazil. The name was revealed during a live broadcast on the Bank's YouTube channel hosted by Fábio Araújo, coordinator of the digital real, and Aristides Cavalcante, deputy head of the Central Bank's technology and information department. “DREX combines several elements of innovation: the D for digital, R for real, E for...

    NewsBusiness
    4 min read
    Portal do Bitcoin
  • Cuba's economy comes with a lot of restrictions. Image: Shutterstock

    How Cubans Are Using Bitcoin to Skirt US Trade Embargo

    "Cryptocurrencies are a way to be a little more integrated into the globalized world", said Erich Garcia Cruz, a Cuban resident who uses YouTube to teach locals how to use Bitcoin to skirt government restrictions and the US trade embargo.  The Cuban government curbs internet access and a US trade embargo restricts imports. Cruz, creator of the Bachecubano channel, thinks that Bitcoin could help Cubans get around the roadblocks. For six months, the 33-year-old Havanan has been teaching his 28,00...

    NewsCoins
    3 min read
    Portal do Bitcoin
  • Investigators could not understand how the heist happened. Image: Shutterstock.

    Massive bank heist in Brazil ends in failed Bitcoin escape

    An online bank heist swindled R$30 million ($5 million) from an account of steel manufacturer Gerdau at Santander bank last month. The money was sent to buy Bitcoin in the Brazilian market, but was stopped by local crypto exchanges. According to the police report, filed on April 20 and provided to Portal do Bitcoin, the Spanish bank asked the public prosecutor to open an investigation into aggravated theft in Porto Alegre. The stolen funds were swapped for Bitcoin. Image: Shutterstock. The docum...

    NewsBusiness
    4 min read
    Portal do Bitcoin